2960 Neilson Way 103, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 2 bath
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Santa Monica, California 90405
This beachfront condo represents a Strong Value Opportunity, listed at a List Price of $1,080,000—positioned well above the $957,749 Fair Market Value. While the property carries a premium, it offers a Good Condition Rating with high-end upgrades like polished concrete floors and a granite kitchen. Residents enjoy resort-style amenities, including a heated pool, spas, and 24-hour security. Given the proximity to major 2026 and 2028 event venues, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium Santa Monica lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2960 Neilson Way 103 Subject | $1,080,000* List Price | 2 | 2 | 1,229 | $779 | - |
A 2940 Neilson Way 302 Sold | $800,000 | 1 | 2 | 1,081 | $740 | 0.0 mi |
B 821 Bay St Sold | $1,050,000 | 2 | 2 | 1,404 | $748 | 1.0 mi |
C 1017 Pearl Street E Sold | $1,010,000 | 3 | 2 | 1,422 | $710 | 0.9 mi |
D 441 Raymond Avenue 5 Sold | $900,000 | 2 | 2 | 1,009 | $892 | 0.4 mi |
E 2930 Neilson Way 406 Sold | $1,000,000 | 2 | 2 | 1,352 | $740 | - |
F 821 Bay Street C6 Active | $1,095,000 List Price | 2 | 2 | 1,404 | $780 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1980, the unit features several significant upgrades including polished concrete floors, granite countertops, and new appliances (induction cooker, refrigerator). It is well-maintained and move-in ready, fitting the 5-15 year renovation profile for a 'Good' rating despite the older cabinetry style.
This beachfront condo offers unparalleled access to the Santa Monica lifestyle, situated steps from Main Street, the beach, and major venues for the upcoming 2026 World Cup and 2028 Olympics.
Residents benefit from a secure 24-hour guard-gated community featuring a heated pool, three spas, a fitness center, saunas, and side-by-side underground parking.
The unit features high-end finishes including polished concrete floors, granite countertops, an induction cooker, and a large private terrace with direct beach access.
The association fee of $1,685 per month is significantly high, which may impact the property's appeal to investors and budget-conscious buyers.
With 92 days on the market and three consecutive price reductions from the original $1.2M listing, the property has faced challenges in securing a buyer at its initial valuation.
Priced to sell!!!! Calling all investors, relocation agents and those wanting to make this your Santa Monica beach home or getaway! This fully gated beach front condo can be yours for easy access to the World Cup 2026 or Olympics 2028 venues. Steps to Main Street restaurants, shopping and Sunday market; walk to public tennis, pickleball, basketball courts and playgrounds; Santa Monica Pier, Venice Boardwalk, Abbot Kinney, much more. This 2-bedroom, 2 bath condo features a large private terrace for dining 'al fresco' on a secure, quiet green belt, with easy and direct access to the beach (no stairs or elevator needed for your bike or surfboard). MANY UPGRADES throughout, including polished concrete floors, dedicated office area, granite kitchen surfaces, new refrigerator, induction cooker, professionally installed privacy and blackout blinds, recent paint, washer/dryer, 2 side-by-side underground parking spaces with high vehicle access of 6'10". Additional storage and bike room steps away. Enjoy resort-style amenities in a secure, 24-hour guard-gated community, with heated pool, 3 spas, fitness center, saunas, party room, yoga/pingpong room; visitor parking and vehicle charging stations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,229 | 1,346 |
| Lot Size | 134,148 | 7,869 |
| Price | $1.08M | $1.33M |
| Price per sq ft | $879 | $977 |
| Built year | 1980 | 1978 |
| HOA | $1685.0 | $500 |
| Days on market | 104 | 57 |
Jun 24, 2026
$1,080,000
$1,125,000
-4% Price Drop
Initial Listing
May 26, 2026
$1,125,000
$1,175,000
-4% Price Drop
Initial Listing
May 8, 2026
$1,175,000
$1,200,000
-2% Price Drop
Initial Listing
Apr 9, 2026
$1,200,000
Initial Listing
Aug 26, 2024
$1,200,000
Public Record
Sep 21, 2022
$1,249,000
Public Record
Mar 14, 1997
$221,000
Public Record
Mar 31, 1995
$195,000
Public Record
Mar 8, 1994
$145,500
Public Record